India's industrial output drops by 2.1 percent in November

Image
IANS New Delhi
Last Updated : Jan 10 2014 | 6:17 PM IST

India's industrial output dropped by 2.1 percent in November due to a sharp contraction in manufacturing production, government data showed Friday.

Manufacturing production slumped by 3.5 percent during the month under review, while mining grew at a sluggish 1 percent and electricity output increased by 6.3 percent.

Cumulative growth in the factory output measured in terms of the Index of Industrial Production (IIP) for April-November period of the current financial year stands at minus 0.2 percent, according to data released by the Central Statistics Office (CSO).

In the first eight months of the current fiscal manufacturing sector has contracted by 0.6 percent, while mining output has declined by 2.2 percent.

Electricity production has increased by 5.4 percent in the first eight months of the current fiscal year-on-year.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2014 | 6:12 PM IST

Next Story